Birdwatch Note Rating
2024-01-14 14:45:52 UTC - NOT_HELPFUL
Rated by Participant: 74F171379B8561E57F776E7E88AFD25AAA2C65E4DC479234CDF36C321F6CDAFD
Participant Details
Original Note:
House prices and salary are not the only things that drive affordability and accessibility of buying a house. interest rate on mortgages, size of deposit required and risk tolerance of banks affect affordability. Eg. Interest rates were higher in the 1970s compared to today https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate
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